Asian stocks slide as China data disappoints, dashing recovery bets 📌 For the past few weeks, the United States has been facing a delicate situation regarding its debt ceiling. As negotiations to raise the U.S. government's $31.4 trillion debt ceiling reach a critical...

Potential US debt ceiling crisis and consequences of a US default 📌 For the past few weeks, the United States has been facing a delicate situation regarding its debt ceiling. As negotiations to raise the U.S. government's $31.4 trillion debt ceiling reach a critical...

Wall Street Ends Lower as Home Depot Outlook and US Retail Sales Disappoint 📌U.S. stock indexes closed lower on Tuesday due to several factors impacting investor sentiment. The Dow Jones Industrial Average declined by 1.01% (336.46 points), the S&P 500 dropped by...

Ireland considers new sovereign wealth fund for corporate tax revenue 📌 Ireland is considering using its skyrocketing corporate tax receipts to create a new sovereign wealth fund, according to Finance Minister Michael McGrath. The fund would act as a "longer-term...

Federal Reserve raised interest rates by 25 basis points 📌 The Federal Reserve announced on Wednesday the new interest rates. These rates increased as expected by 25 basis points from 5% to 5.25%. As a result of this increase, the U.S. central bank no longer expects...

First Republic Bank's share price fell by 50% after quarterly results 📌 After the collapse of Silicon Valley Bank and Signature Bank in March, it is now First Republic Bank that is facing major difficulties. In fact, on Monday, First Republic Bank's quarterly reports...

Cocos market is back on the move 📍 The AT1 bond market is once again gaining momentum among banks. After several central banks criticized the procedure followed with Credit Suisse CoCos by FINMA and Swiss National Bank, a large Japanese bank (Sumitomo Mitsui Financial...

Bitcoin surpasses the $30,000 barrier 📌After a very complicated year (it lost more than 70% of its value in just one month) for cryptocurrencies, it seems that the enthusiasm for this type of assets is picking up again, as the main reference in the crypto world,...

Alibaba soars on the stock market 📌Jack Ma's company seems to have found the way for large Chinese technology companies, as it has written a letter to its shareholders confirming that the company will split into 6 companies. The news has been well received by the...